Forbes July 26, 2024
Centene reported second quarter profits of $1.1 billion as Obamacare enrollment and premium revenue helped overcome a big dip in Medicaid enrollment.
Centene, which sells an array of government subsidized health insurance including Medicaid coverage and individual commercial insurance coverage under the Affordable Care Act known as Obamacare, said total managed care membership held steady at 28.47 million, compared to 28.41 million at the end of the second quarter of 2023.
Centene’s enrollment in individual coverage under the Affordable Care Act, also known as Obamacare, grew what Centene calls its “commercial marketplace” business to 4.4 million members from nearly 3.3 million a year ago. That increase of more than one million health plan members helped overcome a nearly 3 million...
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